Ann: Quarterly Activities Report, page-32

Hi AlbertE,

3 usa banking entities have been selling down their holding in MGX. I posted a Bloomberg announcement in the change of substantial holding thread which stated the sell off is due to these banking entities prioritising liquidity, following recent run on regional banks in the usa leading to their demise as they were unable to honour depositors withdrawals. Last report these 3 banks were still holding 55 million shares in MGX which is just under the 5% substantial holder requirenent so they can now sell without reporting to the ASX. When the next top 20 comes out we will be able to see how much of that remaining 55 million they have sold.